Guideline Value for Big Bazaar Street Main

Big Bazaar Street Main guideline value

The current guideline value for Big Bazaar Street Main is Rs 6,700 per sq.ft, effective from 1 July 2024. This street is located in Ward-5 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - II.

How the guideline value of Big Bazaar Street Main has changed

The guideline value for Big Bazaar Street Main has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 3,180 per sq.ft. This increased to Rs 6,000 per sq.ft in 2012, a rise of 89%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 6,000 per sq.ft in 2023, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 6,700 per sq.ft, an increase of 12% from the previous year.

It is important to note that there are no recorded figures for Big Bazaar Street Main for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 111%.

Guideline values in Ward-5

In Ward-5, there are 22 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 2,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 4,700 per sq.ft, placing Big Bazaar Street Main's 2024 figure above this median.

• Edayar Street: Rs 4,700 per sq.ft (2024)
• Gopalsamy Theppakulam: Rs 2,800 per sq.ft (2024)
• Karuppa Gounder Street Lane: Rs 3,900 per sq.ft (2024)
• Karuppa Gounder Street Main: Rs 4,700 per sq.ft (2024)
• K.K.Block: Rs 5,600 per sq.ft (2024)
• Market Road Lane: Rs 4,700 per sq.ft (2024)

Stamp duty and registration fee for property in Big Bazaar Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 6,700 per sq.ft, the total guideline value would be Rs 67,00,000. The stamp duty at 7% would amount to Rs 4,69,000, and the registration fee at 2% would be Rs 1,34,000, bringing the total fees together to Rs 6,03,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Big Bazaar Street Main?

The Sub Registrar Office that covers Big Bazaar Street Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-5

The guideline value is a crucial factor in the registration process when buying or selling property in Ward-5. It serves as a reference point for determining the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Big Bazaar Street Main?

The current guideline value of Big Bazaar Street Main is Rs 6,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Big Bazaar Street Main has changed from Rs 3,180 per sq.ft in 2007 to Rs 6,700 per sq.ft in 2024, with several revisions in between.

What are the other streets in Ward-5 with their guideline values?

Other streets in Ward-5 include Edayar Street at Rs 4,700 per sq.ft, Gopalsamy Theppakulam at Rs 2,800 per sq.ft, and K.K.Block at Rs 5,600 per sq.ft, among others.

What is the stamp duty for property in Big Bazaar Street Main?

The stamp duty for property in Big Bazaar Street Main is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Coimbatore North Joint 1 Sub Registrar Office at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.